UPDATE: Wolfe Research Starts Caterpillar (CAT) at Outperform

April 12, 2021 4:22 PM EDT
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Price: $219.34 +2.60%

Rating Summary:
    19 Buy, 18 Hold, 3 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 11 | Down: 5 | New: 41
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(Updated - April 12, 2021 4:24 PM EDT)

Wolfe Research analyst Greg Badishkanian initiates coverage on Caterpillar (NYSE: CAT) with a Outperform rating and a price target of $265.00.

The analyst comments "Leading global manufacturer in construction equipment with global economic and inflationary activity now picking up. Prolonged demand in the U.S. housing market, a catch up in commercial activity, rebounding commodity prices, and leaner inventories should contribute to a new up cycle for CAT."

For an analyst ratings summary and ratings history on Caterpillar click here. For more ratings news on Caterpillar click here.

Shares of Caterpillar closed at $230.75 yesterday.

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